{"id":625727,"date":"2026-09-15T21:40:10","date_gmt":"2026-09-15T21:40:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/625727\/"},"modified":"2026-09-15T21:40:10","modified_gmt":"2026-09-15T21:40:10","slug":"kpmg-uk-to-cut-another-200-jobs-including-roles-working-on-ai-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/625727\/","title":{"rendered":"KPMG UK to cut another 200 jobs, including roles working on AI \u2013 The Irish Times"},"content":{"rendered":"

KPMG <\/a>is cutting about 200 jobs from its UK advisory business, including staff working on AI<\/a>, in the latest round of redundancies after a series of job losses at the Big Four firm.<\/p>\n

The proposed cuts to its data and technology division amount to about 4 per cent of KPMG\u2019s advisory workforce and affect teams including those working in artificial intelligence and cyber security, according to people familiar with the matter. Staff whose roles are cut are expected to leave the firm in October, subject to an ongoing consultation.<\/p>\n

Employees were told the firm needed to \u201cright-size\u201d capacity in the affected businesses, according to the people.<\/p>\n

The cuts come just six months after KPMG put close to 600 UK jobs at risk, including more than 400 roles in audit and about 120 in advisory, as low staff attrition and subdued demand forced the firm to reduce its workforce.<\/p>\n

KPMG\u2019s consulting business, like those of its Big Four rivals<\/a>, has been hit by a prolonged slowdown in demand following the pandemic-era boom in spending on professional services. The downturn has lasted longer than firms initially expected, while the rapid adoption of AI has raised questions over how the technology will reshape the industry\u2019s labour-intensive business model.<\/p>\n

Sales in KPMG\u2019s advisory business, which includes consulting and deals work, fell 3 per cent in the year to September 2025, echoing contractions in the consulting businesses of EY, PwC and Deloitte.<\/p>\n

One KPMG consultant said: \u201cIt feels like a waiting game for each team. Whilst things have gotten slightly better on the winning work … front … it\u2019s all a bit up in the air now, where you\u2019re getting sent wherever there is work.\u201d<\/p>\n

KPMG\u2019s UK workforce has shrunk from a post-pandemic peak after the firm hired heavily to meet booming demand. KPMG employs about 15,800 people in the UK compared with 16,600 the previous year and more than 17,000 during the pandemic. <\/p>\n

The latest cuts are part of a broader drive to control costs under Jon Holt, KPMG\u2019s UK senior partner, which has helped improve profitability at the firm. KPMG reported profit before tax of \u00a3576 million last year, a 14 per cent increase after the merger with KPMG Switzerland in 2024.<\/p>\n

As a result, KPMG\u2019s UK partners were paid more than their counterparts at PwC and EY last year for the first time in more than a decade. Average distributable profit per partner rose 11 per cent to \u00a3880,000 in the year to September 2025. The firm attributed the increase in part to \u201ccareful cost management\u201d in response to the economic cycle.<\/p>\n

Holt has sought to boost profitability by cutting costs and reducing the number of equity partners<\/a>, including by moving some into a \u201csalaried partner\u201d tier.<\/p>\n

A KPMG UK spokesperson said: \u201cAs our market evolves, we are adapting where we are focusing and how we are set up to make sure we have the right skills in place to best serve our clients. <\/p>\n

\u201cTo respond to these market dynamics combined with low levels of attrition, we are proposing reductions in some of our advisory client-facing teams and will support our colleagues throughout this process.\u201d \u2013 Copyright The Financial Times Limited 2026<\/p>\n","protected":false},"excerpt":{"rendered":"KPMG is cutting about 200 jobs from its UK advisory business, including staff working on AI, in the…\n","protected":false},"author":2,"featured_media":625728,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,61,60,18040,80,303],"class_list":["post-625727","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ie","tag-ireland","tag-kpmg","tag-technology","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/625727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=625727"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/625727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/625728"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=625727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=625727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=625727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}